New Cdt Codes For 2025 India. New Cdt Codes 2025 Rikki Kirsteni The Direct Tax Code 2025 will bring significant changes to India's tax system, impacting compliance and expanding the taxpayer base The major focus of the new Direct Tax Code 2025 will be to streamline and simplify the Income Tax Act, making it concise and easy to read.
New Cdt Codes 2025 Gail Merrill from mableymelania.pages.dev
The ITB 2025 represents a major overhaul in how tax laws are presented and interpreted: Reduced Size: The word count has been cut by nearly half (from 5.12 lakh to 2.60 lakh words); Fewer Sections: Decrease from 819 to 536 sections; Clearer Language: Removal of approximately 1,200 provisos and 900 explanations; Modern Format: Introduction of 39 tables and. (a) In Income Tax Act 1961 only CA can audit the Books of Account but in Direct tax code 2025, there is a possibility that CMA and CS also can audit the books of account
New Cdt Codes 2025 Gail Merrill
It will take effect from the financial year 2025-26 One of the primary goals of the DTC is to simplify the tax code The new code reduces legal disputes, simplifies the existing complex laws, and encourages better tax compliance.
New Cdt Codes 2025 Gail Merrill. The introduction of the Direct Tax Code is a right move to gradually replace the complex laws and redundant sections in the Income Tax Act, 1961 to make it more equitable, easy to understand and fair for all the taxpayers in India For CA students, especially those preparing for the CA Inter and CA.
New Cdt Codes 2025 Gail Merrill. The government plans to implement the Direct Tax Code in Budget 2025 to simplify India's complex tax laws and make compliance easier for individuals and businesses The new code reduces legal disputes, simplifies the existing complex laws, and encourages better tax compliance.